throtling bandwidth

Linux Advanced Routing and Traffic Control

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Hi,
My branch office as got a 256Kbps b/w from their service provider at a 
very very high rate per Mb. They don't require 256Kbps at all but the 
ISP does not offer anything low.  Can we restrict the bandwith to say 
64Kbps nothing fancy? How do I go about it? 

With warm regards,
-Payal

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